Residential Project

Oakwood Terrace Apartments

Oakwood Terrace Apartments

Property Type: Multi-Family Residential (24 Units)

Year Acquired for Management: 2023

Oakwood Terrace Apartments is a 24-unit garden-style apartment community located in the heart of Cumming, Georgia. When National Property Management, Inc. assumed management of this property, the occupancy rate stood at 72% and the property required significant deferred maintenance attention. Within the first twelve months of our management, we implemented a comprehensive renovation program, upgraded common areas, launched a targeted marketing campaign, and achieved a 96% occupancy rate. Monthly rental revenue increased by 28% through a combination of unit improvements, market-rate adjustments, and reduced vacancy loss.

 

Key Metrics:

 

  • Occupancy Rate: 96% (up from 72%)
  • Revenue Increase: 28% year-over-year
  • Average Tenant Retention: 18 months
  • Maintenance Response Time: Under 4 hours for emergencies
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